Hotel Investment Today A venture of Ares Management and Rida Development is said to be paying $1.02 billion, or about $621,572/room, for the 1,641-room Hyatt Regency Orlando in Orlando, Fla. Ares, of Los Angeles, and Rida, of Houston, are buying the hotel from Hyatt Hotels Corp., which had purchased it in 2013 for $717 million. […]

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